An economy driven by consumer spending needs its consumers to have jobs -- and access to credit. Now that April job losses came in far better than expected and the stress tests are behind us, the market is reacting as if the economy has stabilized.So is the worst behind us? Yes -- with a "but," experts say. Bad news is not the same thing as good news, even if it is "less bad" than expected. More
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Can This Rally Keep Going? (On the Street)
Posted by admin 304 days ago (http://www.smartmoney.com)Do Weak Positive Signs Equal Strong Rally?
Posted by admin 324 days ago (http://www.smartmoney.com)
This week investors were greeted with less severe jumps in unemployment, better-than-expected earnings from troubled financial firms like Wells Fargo (WFC), Goldman Sachs (GS) and Citigroup (C), and a measure of consumer confidence not seen since before Lehman Brothers went under last fall. Those weren’t completely bullish signals, but they did serve for what constitutes good news these day
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